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Oct 31, 2021
Ambarella Q3 2022 Earnings Report
Announced third quarter fiscal year 2022 financial results, demonstrating revenue growth and positive operating leverage.
Key Takeaways
Ambarella reported a strong Q3 with a 64% increase in revenue compared to the same period last year, reaching $92.2 million. The company also achieved a GAAP net profit of $0.8 million and a non-GAAP net income of $22.2 million.
Revenue for Q3 2022 reached $92.2 million, a 64% increase year-over-year.
GAAP net profit was $0.8 million, or $0.02 earnings per diluted ordinary share.
Non-GAAP net income was $22.2 million, or $0.57 earnings per diluted ordinary share.
Acquisition of Oculii Corp. was completed on November 5, 2021, and its results will be incorporated into Ambarella’s financials going forward.
Forward Guidance
Ambarella is providing guidance for the fourth quarter of fiscal year 2022, expecting revenue between $88.5 million and $91.5 million and non-GAAP gross margin between 63.0% and 64.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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